January 28, 2020

Boris Johnson Plans Law for Control of U.K. Fisheries After Brexit
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Boris Johnson’s government plans to reclaim control over British fisheries with a law allowing the U.K. to decide who can fish in its waters and on what terms.The legislation to be published Wednesday will end current automatic rights for European Union vessels to fish in British waters, the Department for Environment, Food and Rural Affairs said in an emailed statement. Under the proposal, the U.K. will leave the EU’s Common Fisheries Policy at the end of December -- after an 11-month post-Brexit implementation period has ended.“This new Fisheries Bill takes back control of our waters, enabling the U.K. to create a sustainable, profitable fishing industry for our coastal communities, whilst securing the long term health of British fisheries,” Environment Secretary Theresa Villiers said. “Leaving the EU’s failed Common Fisheries Policy is one of the most important benefits of Brexit. It means we can create a fairer system which will allow marine habitats to thrive, with new powers to support our fishing sector.”Fisheries are shaping up to be one of the flash points of the U.K.’s forthcoming talks to shape its future relationship with the European Union: currently EU vessels catch more fish in British waters than British vessels do, and the EU has said any trade deal it strikes with the U.K. must be underpinned by a fisheries agreement. Irish Prime Minister Leo Varadkar on Monday suggested that if the U.K. wants access to EU markets for its financial services, it might have to allow EU fishermen to trawl British waters.Read more - What Brexit Will and Won’t Change on Jan. 31: QuickTake“What happens in these things is trade-offs, you know, for example, the United Kingdom has a very strong position on fisheries,” he told the BBC. “You may have to make concessions in areas like fishing in order for us, in order to get concessions from us in areas like financial services.”The U.K.’s fishing industry has been in decline for decades and is relatively small -- with a catch valued at just under 1 billion pounds ($1.3 billion) a year. At the same time, it was championed by Brexiteers during the 2016 referendum on EU membership, and some of the areas that voted most strongly to leave the EU were coastal towns once known for their fishing fleets. One of the most bizarre moments of the referendum campaign saw U.K. Independence Party leader Nigel Farage and rock star Bob Geldof trade insults from rival flotillas along London’s River Thames.The legislation to be published Wednesday will include the following provisions:EU vessels’ automatic right to fish in U.K. waters will end.Foreign boats will need U.K. licenses and will have to follow British rules.Plans will be made for every fish stock to ensure sustainable fishing.The U.K. will take into account climate change impacts on its fisheries.Fisheries plans will recognize that many fish stocks are “shared stocks” requiring negotiation with other coastal states to ensure sustainable catches.To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.netTo contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Robert JamesonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Bong Joon Ho and Lee Isaac Chung Talk ‘Minari,’ Family and Working With Steven Yeun
February 26, 2021
1BugGSvhxII
ViacomCBS Reports Q4 Earnings and Announces Paramount Plus Details
February 25, 2021
DSd9OAnNGaA
Ruth E. Carter Receives Her Star on the Hollywood Walk of Fame
February 25, 2021
vjoKY0uliDo
Viral Skateboarder 'Doggface' Has Rental Cars Broken into in San Francisco | TMZ
February 28, 2021
OkNTqZ3OmoE
Howard Univ. Prez Grateful for $20 Mil Donation, Wants Female Successor | TMZ
February 26, 2021
0xqiyeK6zpU
Jeff Ross Backs Michael Che's 'SNL' Joke About Israel, Weighs in on Potato Head | TMZ
February 26, 2021
t6mc3WNN1LY
Demi Lovato says gender reveal parties are transphobic | Page Six Celebrity News
February 28, 2021
5bCyXmr8AFg
Ryan Seacrest is Out But Kamaro Brown is in on the Red Carpet | Page Six Celebrity News
February 26, 2021
sBRaNgLgSlM
Prince Harry says British media was ‘destroying my mental health’ | Page Six Celebrity News
February 26, 2021
aQy3VdcLYs8
2021 Golden Globes Must-See Moments
March 01, 2021
km5ViUPyo-s
Former NFL Player Louis Nix III Found Dead at 29
February 28, 2021
hQDMsoSNRqc
Live From E! Stream: 2021 Golden Globes | E! News
February 28, 2021
BuSVggXhSXI
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.